Wells Fargo

Wells Fargo & Co. (NYSE: WFC) is a diversified financial services company headquartered in San Francisco, California, United States with operations around the world. Wells Fargo is the 4th largest bank in the US by assets and the second largest bank by market cap. It is the only bank in the United States to be rated AAA by S&P. Wells Fargo was named as "The World's Safest US Bank" based on long-term foreign currency ratings from Fitch Ratings and Standard & Poor's and the long-term bank deposit ratings from Moody's Investors Service for the year 2007. Wells Fargo was named as "The World's Safest US Bank" based on long-term foreign currency ratings from Fitch Ratings and Standard & Poor's and the long-term bank deposit ratings from Moody's Investors Service for the year. On October 3, 2008, Wachovia agreed to be bought by Wells Fargo for about $14.8B in an all stock transaction.